Can Tho: Early industrial restructuring needed for breakthrough growth
The Mekong Delta city of Can Tho needs to accelerate industrial restructuring, towards creating breakthroughs in its economic growth, a local official has said.
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During a recent meeting with representatives from departments and sectors, Vice Chairman of the municipal People’s Committee Truong Quang Hoai Nam urged the municipal Department of Industry and Trade to devise measures to promote industrial restructuring, especially high-tech industries.
It is also necessary to adjust policies to encourage the development of support industry, and expand and development of new industries, he said.
According to reports at the meeting, Can Tho’s industrial production index (IPI) in the first two months of 2018 increased only 5.63% compared to the same period last year.
Nguyen Minh Toai, Director of the municipal Department of Industry and Trade, said rice production and seafood processing are the main industrial sectors of Can Tho.
He said the decreased IPI was resulted from the moderate operation of mechanical, seafood and construction firms, and production pause of consumer goods producers, food processors, and textiles plants during the country’s largest holiday – the Lunar New Year (Tet) Festival.
Meanwhile, Nam said Can Tho is focusing too much on the rice production and seafood processing, so there were no changes in its industrial production structure for years.
Chairman of the municipal People’s Committee Vo Thanh Thong asked the Department of Industry and Trade to roll out solutions to the issue, towards restructuring the local industry in the direction of increasing production value.
He also requested the People’s Committees of districts to pay attention to facilitating construction projects in the locality because the sector is also one of the contributors to the IPI.
